The end is near. The curtain is about to close (dollars, retired)
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Even in spite of it all, maybe it's just as well that they did .. I mean, it's not like the boys in Washington were ever going to listen to us anyway ...
Even in spite of it all, maybe it's just as well that they did .. I mean, it's not like the boys in Washington were ever going to listen to us anyway ...
I hope the President addresses the nation and calms the market. Fed's gotta do something. QE3 may not come, nonetheless.
First off .. I'm not real excited about all of this .. really
But now that the deed is done, why not make the best of it .. we've needed a starting point for years, and this just might be the catalyst needed to get the ball rolling ..
And just in ... Fannie and Freddie are toast ...
Dow drops more than 3%; mortgage finance agencies Freddie Mac and Fannie Mae downgraded by S&P
I hope the President addresses the nation and calms the market. Fed's gotta do something. QE3 may not come, nonetheless.
Calms the market? The less he says, the better . . . unless he has a plan for reducing this country's debt that he is gonna outline.
He won't speak b/c he doesn't want to take the risk that immediately following his speech, numbers tank worse, proving that HE AND HIS POLICIES ARE THE PROBLEM.
If he addresses the nation, it will be after the markets close and on a Friday. That's his style.
He made an address some time last week and the DOW recovered nearly 100. Not sure which one, but I remember watching it.
Anyway, the VIX is out of control. This is the best indicator as to why buying at the moment is a risk, unless you are day trading with an option spread.
Calms the market? The less he says, the better . . . unless he has a plan for reducing this country's debt that he is gonna outline.
He won't speak b/c he doesn't want to take the risk that immediately following his speech, numbers tank worse, proving that HE AND HIS POLICIES ARE THE PROBLEM.
If he addresses the nation, it will be after the markets close and on a Friday. That's his style.
I refuse to lay the blame on a president who takes over at the end of a decade where a GOP president engages the country in two catastrophic wars. Two years is very little to blame his policies. If this is the state in 2015, then yes, his policies have failed.
So I think the 500 drop last thursday priced this in safely. I'm still betting on a -400 close and a max of -500, if the old guys panic about their retirement funds and head for a panic sale, as the idiots usually do
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